Home
  • plan
  • Invest
  • Property
  • enquire now
  • Learn
Home
DPN
  • plan
  • Invest
  • Property
  • enquire now
  • Learn

Housing Stress: PM Struggles to find a rental property

PRIME Minister Julia Gillard is experiencing Australia's housing crisis first hand in her search for an alternative home while the Lodge is being renovated.

TAGS

Beginner (574) / Intermediate (540) / Expert (564)

PRIME Minister Julia Gillard is experiencing Australia's housing crisis first hand in her search for an alternative home while the Lodge is being renovated. The Sydney Morning Herald reports Ms Gillard's office has ruled out a purchase to fill the gap, leaving the first couple to rely on the difficult rental market.

But like many Australians, she is struggling to find a suitable property.

And to make things more difficult, the Australian Federal Police have produced a lengthy list of demands for any prospective home.

Ms Gillard and partner Tim Mathieson need to find a home with a secure entry and car access, live-in accommodation for bodyguards and bulletproof glass.

The Lodge - the traditional home of the prime minister - is in urgent need of a new roof, plumbing upgrades and an overhaul of some dodgy wiring.

It is expected to be a huge project that will reportedly cost millions of dollars and take 18 months to complete.

Fairfax reports the couple ruled out moving into the Governor-General's Yarralumla residence, with Mr Mathieson calling the home "intimidating".

According to a recent report, one in 10 Australian households is in housing stress and at risk of financial hardship and poverty.

And renters are most at risk, with 26 per cent in housing stress.

Hobart and Sydney put the tightest squeeze on renters.

Hobart has the highest rate of renters in housing stress at 33 per cent, while Sydney has the highest number with more than 100,000 households facing poverty because of the high cost of renting.

Read more: http://www.news.com.au/money/property/housing-stress-pms-struggles-to-find-a-rental-property/story-e6frfmd0-1226179004217#ixzz1cQMcgaxl

 


Follow us on Twitter for more news, tips and inspiration.
Like us on Facebook and Google+ explore our Pinterest boards.

Like this article or found it helpful? Share it!

Newsletter

Receive our articles directly to your inbox

Next article

Dense About Dwellings

Go to articles list

Programs

Work with us
Giving back
Become an affiliate
Refer a friend
Help desk
Property Management
Finance

Locations

Head office
Australia
Hong Kong
Singapore

Contacts

Toll free in Australia
P. 1300 723 318
Outside of Australia
P. +61 2 9525 2033

Social Media

Newsletter

Terms of use | Privacy policy | Guarantees

This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879. Casa Capace Operations Pty Ltd, NDIS provider number 4050038018 trading as Casa Capace.